Question

dit View Go Tools Window Help IMG_3966.jpeg Search Warren smith practices medicine under the business title Warren Smith M.D. During April, the medical practice completed the following transaction. April 1" Smith deposit $78,000 cash in the business bank account. The business gave capital to smith Aprils" Paid monthly rent on medical equipment $780 April 9" paid $18,000 cash to purchase land for an office site April 10" purchased supplies on account $1200 April 19" Borrowed $20000 from the bank for business use. Smith signed a note payable to the bank April 22 paid $800 on account April 30 Revenues earned during the month include $5,900 cash and $4,900 on account April 30 paid employees salaries $2,000 office rent $1800 and utilities $420. Make a single compand entry April 30 Owners withdrew $9000

Answer 1

Date	Account Titles	Debit $	Credit $
April.1	Cash	78,000
	Warren Smith, Capital		78,000
April.5	Rent expense	780
	Cash		780
April.9	Land	18,000
	Cash		18,000
April.10	Supplies	1,200
	Accounts Payable		1,200
April.19	Cash	20,000
	Notes Payable		20,000
April.22	Accounts Payable	800
	Cash		800
April.30	Cash	5,900
	Accounts Receivable	4,900
	Service Revenue		10,800
April.30	Salaries Expense	2,000
	Rent Expense	1,800
	Utilities Expense	420
	Cash		4,220
April.30	Warrem Smith, Drawing	9,000
	Cash		9,000